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I am a newbie, just converted my primary residence to a rental last summer. We're nearing the end of our first lease and have a bit of a problem tenant but they pay rent early or on-time every month. We're on the fe...
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I don't want to get into the details here, but I'm owed a little less than $1000 due a mistake made at closing, on my personal residence. There is a possibility that one way of getting the money back is to sue the sel...
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Hello,I bought a condo last year and financed it under my name. I had read that it made sense to have the rental property in a LLC to minimize liability. What's the best way to accomplish this now and what are the imp...
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I finally got around to reading the new terms of service. A few interesting things but one in particular:
3.7.1 To purchase a Subscription Listing, Host must make an order by means of the Site's online order form an...
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Hello BiggerPocket Community,
I know this question has probably been asked before, but after searching the forums, I couldn’t find a clear answer. My wife and I are starting our journey with our first STR and I wan...
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I have tenants in my SFH rental who have been there a little over a year. About 4 months into their tenancy, the gas dryer I supplied quit working. It was 7 years old and I couldn’t get a replacement part, so I purc...
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I understand why many people set up an LLC for their investment properties, but my question is simple: "Is it worth it?" I've asked several investors and they always say I MUST set up an LLC to protect myself from get...
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Our tenants of 7 years are moving out next. They have asked to break the lease with 11 months remaining. When I went over to prepare for a showing I noticed there was water damage on the ceiling and a bunch of tiles a...
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I have a legal question. In the case where a property owner is using a management company to manage their property and someone get's hurt due to negligence, i.e. management company does not fix broken stair and tenan...
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Hey Guys,
A smart investor would not attempt to calculate profit on a property based on appreciation, but taking that into account, broadly speaking, would it be a better move to invest in a market which has seen a l...